The Minimum Income Standard (MIS) provides a benchmark of income adequacy, rooted in what members of the public think is needed for a minimum socially acceptable standard of living. This report looks at the proportion of people who fall below this level, and at those with incomes below 75% of MIS. Individuals whose incomes are below 75% of MIS face a greatly increased likelihood of deprivation compared with those whose incomes are above the MIS threshold.
This report covers the period from 2008/09 to 2017/18, the most recent year for which household income data is available. The latest year covers a period in which real earnings have stalled, and there has been a pause in the recovery in average household incomes seen up to 2016/17. This has resulted in little overall change in the most recent year, but the number below MIS remains higher than a decade ago for every group looked at, except working-age couples without children.
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